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Market Snapshot

CAGR:7.22

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.22

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Report Overview

The Visible Light Communication (VLC) Market is projected to grow at a CAGR of 19.86% between 2022 and 2032. The market size is forecast to increase by USD 8,472.35 million during this period. The growth of the Visible Light Communication Market is driven by the increasing demand for high-speed and secure wireless communication, the adoption of IoT devices, and the need for energy-efficient communication technologies.

Market Overview:

Drivers:

The Visible Light Communication Market is experiencing growth due to the rising demand for high-speed and secure wireless communication solutions. Visible Light Communication leverages LED light to transmit data, providing higher bandwidth and security compared to traditional radio-based communication.

Moreover, the adoption of IoT devices is driving market demand. VLC technology can be integrated with IoT devices to enable data communication without additional radio frequency hardware.

Trends:

The integration of VLC in indoor positioning systems is a prominent trend. VLC technology can be used to accurately determine the location of devices within indoor environments, enabling applications such as asset tracking and navigation.

Furthermore, the rise of Li-Fi technology is influencing the market. Li-Fi, a subset of VLC, uses light to transmit data and has the potential to provide high-speed wireless connectivity in areas where radio frequency communication is restricted.

Restraints:

Challenges related to signal interference and mobility can restrain market growth. VLC technology relies on line-of-sight communication, which can be disrupted by obstacles or movement of devices.

Additionally, concerns about compatibility with existing infrastructure can hinder adoption. Organizations may need to invest in new lighting systems or retrofit existing ones to enable VLC communication.

Visible Light Communication Market Segmentation by Component:

The LED Lamps segment is expected to witness significant growth during the forecast period. LED lamps serve as both sources of light and data transmitters in VLC systems.

Visible Light Communication Market Segmentation by Application:

The Indoor Networking segment is anticipated to experience strong growth in the Visible Light Communication Market. VLC technology is well-suited for indoor environments where LED lighting is prevalent.

Regional Overview:

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North America is expected to lead the global Visible Light Communication Market, driven by the region's technological advancements, early adoption of new communication technologies, and strong presence of VLC technology providers.

Moreover, Europe is projected to experience substantial growth due to the region's emphasis on energy efficiency, research and development in VLC technology, and supportive regulatory environment.

Visible Light Communication Market Customer Landscape:

The report includes insights into the customer landscape, identifying industries such as retail, healthcare, hospitality, and transportation that extensively use Visible Light Communication for data communication and indoor positioning.

Major Visible Light Communication Market Companies:

Companies in the Visible Light Communication Market are adopting strategies such as developing Li-Fi technology, collaborating with lighting manufacturers, and expanding their product portfolios.

Sample companies in the Visible Light Communication Market include:

Signify N.V.
pureLiFi Ltd.
Acuity Brands Lighting Inc.
Panasonic Corporation
Oledcomm SA
Velmenni OÜ
FSONA Networks Corporation
VLNComm Inc.
LightPointe Communications Inc.
ByteLight Inc.

Segment Overview:

The Visible Light Communication Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

Component Outlook (USD Million, 2019 - 2032)

LED Lamps
Photo Detectors
Microcontrollers
Others

Application Outlook (USD Million, 2019 - 2032)

Indoor Networking
Location-Based Services
Underwater Communication
Vehicle and Transportation Communication
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

Saudi Arabia
UAE
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Visible Light Communication MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Visible Light Communication MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Visible Light Communication Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Visible Light Communication MARKET BY component landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 LED

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Photo Detector

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Microcontroller

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.5 Software and Services

5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Visible Light Communication MARKET BY Transmission type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Unidirectional

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Bidirectional

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Visible Light Communication MARKET REGIONAL OUTLOOK

7.1. Visible Light Communication Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Visible Light Communication Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Visible Light Communication Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Visible Light Communication Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Visible Light Communication Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Visible Light Communication Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 LVX System

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Panasonic Corporation

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Lucibel SA

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Koninklijke Philips NV

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Firefly Wireless Networks LLC

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Visible Light Communication Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032